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* Saudi Fund for Development to loan Sri Lanka Rs. 873 mn for medical faculty project of Sabaragamuwa University
Thu, Apr 11, 2019, 08:36 am SL Time, ColomboPage News Desk, Sri Lanka.

Apr 11, Colombo: A six member delegation led by Dr. R.H.S. Samaratunga, Secretary, Ministry of Finance visited Riyadh from 6 to 9 April 2019 to negotiate the loan arrangements of "construction of faculty of medicine project of the Sabaragamuwa University in Ratnapura" with Saudi Fund for Development.

This Project was launched with the aim of constructing the essentially needed infrastructure facilities and to provide the students with the state of the art teaching and learning facilities (laboratory and other equipment) at the Faculty of Medicine at Sabaragamuwa University of Sri Lanka.

The Saudi Fund for Development has agreed to provide a concessional loan to Sri Lanka which amounts to SAR 187.5 million (Rs. 873.5 million) in this regard.

 

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